Crypto Circle Academician: Will Ethereum continue its counterattack on May 12? Unlimited opportunities! Latest market analysis reference.

CN
15 hours ago

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Crypto Circle Scholar: May 12, 2025, Ethereum (ETH) Latest Market Analysis Reference

The current price of Ethereum is 2520. It is now 4 AM Beijing time. After a day off for the weekend, let's review. After the daily K-line broke 2600, the main force began to sell off. The daily resistance level has dropped below the golden ratio 0.382. From the overall trend, the supplementary rise has not yet ended, and the bulls are still in the strengthening phase. The previous article also mentioned that breaking 2490 would continue the bullish trend. Now the first resistance level has appeared, so a pullback will also occur. You can wait for this pullback to enter the market.

The daily K-line reached a high of 2610 and a low of 2430. The EMA trend indicator is just beginning to contract upwards, meaning that 2600 is not a key point. The early stretch was too fast, and the K-line is just waiting for the trend to converge before continuing to exert force. The main force is also planning to reverse and pick up buyers. The MACD is increasing in volume and moving upwards, with the DIF and DEA stretching and breaking the 0 axis but not yet showing energy indicators. The K-line is pulling back to the upper support of the Bollinger Bands at 2430, with a three-time touch opening up a bullish trend. Pay attention to the daily closing situation after 8 AM. As long as it does not break 2580, the pullback has basically been confirmed in the short term. If it breaks, the supplementary rise will continue.

The four-hour K-line shows a top divergence, especially after the high of 2600, it began to fall back. The K-line has reached the EMA15 support point at 2410. The MACD has also ended its volume increase and is starting to decrease. The DIF and DEA have formed a death cross. This kind of top divergence is not suitable for chasing the price at the moment; the risk is too high. The upper track of the Bollinger Bands has been blocked at 2650, with the middle track at 2370. A tug-of-war is forming between bulls and bears at the current position. What we need to do now is wait for the market to return below 2400 before starting to position ourselves. It is best to observe before taking action.

Short-term reference: Safety first. Remember that the market is never 100% certain, so always set stop-losses. Safety first; small losses and big gains are the goal.

Potential entry point: 2315, the Fibonacci 23.6% retracement level. This position is also one of the starting points for a rebound. Set the stop-loss at 2290; do not set it too far. If this position breaks, there is a high probability of hitting 2000.

Potential exit point: 2660, the Fibonacci 38.2% retracement level. Set the stop-loss at 2700. If it breaks here, the market has basically confirmed that the bulls will stretch violently.

Northern trial entry point: 2430 to 2400, with a defense at 2380. Stop-loss of 30 points, target looking at 2470 to 2500, and if it breaks, look at 2530.

Southern trial entry point: 2630 to 2660, with a defense at 2680. Stop-loss of 30 points, target looking at 2580 to 2530, and if it breaks, look at 2500.

Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in article publication; the suggestions are for reference only, and risks are borne by you.

This article is exclusively contributed by the Crypto Circle Scholar and represents the scholar's unique viewpoint. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above viewpoints and suggestions are not real-time and are for reference only. Risks are borne by you. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The scholar also hopes that all investors understand that the market is always right. If you are wrong, you should summarize where the problem lies. Do not let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond to it and follow it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success stems from today's choices. Heaven rewards diligence, the earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards passion. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop-losses and take-profits for each trade. The Crypto Circle Scholar wishes you happy investing!

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading.

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